Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable.

Reaction from Trump world shows the fight is now over who gets credit for what looks like a soft economic landing: "Why couldn't this wait until the day after the election?"

The Federal Reserve reduced the federal funds rate by 50 basis points, marking the first time it has dropped rates since March 2020.